BI Software Adds Value to Every Organization!
In spite of the fact that trade publications and business conferences have been talking about business intelligence and BI software for years, there are still some business executives and business owners that do not understand how business intelligence tools can help the organization achieve its goals and stay ahead of the competition.
So, what is business intelligence and what are the business benefits? Business Intelligence is, generally, derived from the data and information that exists in the business systems and knowledge base. Using this data in an analytical way can produce ‘intelligence’ that is meant to drive changes in the business, validate a strategy, develop a competitive position, etc.
When a business chooses a Self-Serve Business Intelligence solution, any business user with average skills can leverage the BI tool to find the root cause of a problem, to identify patterns and trends, to predict and forecast, to find and leverage opportunities and to share meaningful data with other users, thereby increasing the value of every user and of the data that resides within the enterprise.
BI Analytics and business analytical tools provide rapid ROI and low total cost of ownership (TCO), so the organization can be more productive, and leverage its IT team and its analytical staff to focus on strategic issues.
Original Post: Understand the Value of BI Tools!